Solyndra controversy claims casualty as head of Energy Department loan program steps

Discussion in 'Politics' started by Matthew, Oct 6, 2011.

  1. Matthew
    Online

    Matthew Blue dog all the way!

    Joined:
    Mar 16, 2010
    Messages:
    49,744
    Thanks Received:
    4,607
    Trophy Points:
    1,885
    Location:
    Portland Oregon
    Ratings:
    +15,198
    Solyndra controversy claims casualty as head of Energy Department loan program steps down
    The Washington Post ^ | October 6, 2011 | Juliet Eilperin

    The head of the Energy Department’s controversial loan guarantee program has decided to step down, department officials confirmed to The Washington Post on Thursday.

    Jonathan Silver, who was named executive director of DOE’s Loan Programs Office in November 2009, has come under fire from congressional Republicans since the solar manufacturer Solyndra declared bankruptcy Aug. 31 after receiving a $535 million federal loan guarantee. While DOE made the initial loan to Solyndra before Silver took the program’s helm — a point he made repeatedly during his congressional testimony last month — he remained the administration’s point person for the embattled initiative.

    Energy Secretary Steven Chu said in a statement Thursday that Silver had informed him in July, when it was clear that no significant new funds were being budgeted for the loan program, that he would leave at the end of the fiscal year.

    Jonathan Silver, head of DOE loan guarantee program, to step down - The Washington Post

    Hopefully Chu will fellow this piece of crap out the door next. Commie green bastard!:evil:
     
    • Thank You! Thank You! x 1
  2. percysunshine
    Offline

    percysunshine Gold Member

    Joined:
    Feb 5, 2011
    Messages:
    16,742
    Thanks Received:
    2,263
    Trophy Points:
    280
    Location:
    Sty
    Ratings:
    +5,892
    Yeah, like sacrificing a minion will keep Chu in. They are trying the same thing at DOJ by demoting the F&F supervisors. I doubt it will work with a Republican Congress.
     
  3. WillowTree
    Online

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,172
    Thanks Received:
    10,169
    Trophy Points:
    2,030
    Ratings:
    +14,737
    It ain't over..
     
  4. oreo
    Offline

    oreo Gold Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    12,481
    Thanks Received:
    1,960
    Trophy Points:
    255
    Location:
    rocky mountains
    Ratings:
    +4,160
    :clap2::clap2: Somebody's head had to roll--but there are others involved in this administration that are also responsible for making this loan. The CEO of Solyndra was able to occupy there attention 4 TIMES at the White House in one week.
     
  5. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    By no means.
     
  6. Matthew
    Online

    Matthew Blue dog all the way!

    Joined:
    Mar 16, 2010
    Messages:
    49,744
    Thanks Received:
    4,607
    Trophy Points:
    1,885
    Location:
    Portland Oregon
    Ratings:
    +15,198
    Chu needs to step down...If Obama is connected with it a article of impeachment needs to be filed in the house with the one for Gun walker.

    Some of these guys need to go to prison.
     
  7. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    Along with several in the Congress...
     
  8. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,832
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,126
    Casualty?
    Hmm...more like sacrificial lamb.
     
  9. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    well, there will be more.


    SunPower: Twice As Bad As Solyndra, Twice As Bad For Obama
    Congressman's son lobbied for failing solar panel company
    by Neil W. McCabe
    10/11/2011

    How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

    The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent down the Solyndra drain.

    Two men with insight into the process are SunPower rooter Rep. George R. Miller III, (D.-Calif.), the senior Democrat on the House Education and Workforce Committee and the co-chairman of the Democratic Steering and Policy Committee, and his SunPower lobbyist son, George Miller IV.

    Miller the Elder is a strong advocate for SunPower, which converted an old Richmond, Calif., Ford plant in his district to a panel-manufacturing facility.

    The congressman hosted an Oct. 14, 2010, tour of the plant with company CEO Thomas H. Werner and Interior Secretary Kenneth L. Salazar to promote the company’s fortunes.




    snip, the money shot-

    The company is looking for a facility of up to 320,000 square feet, where it will build three different solar panel models and its solar roof tiles, according the company’s Aug. 5 statement.

    Marty T. Reese, the company's chief operating officer, said, “Establishing our own manufacturing facility in Mexicali means we will be positioned to quickly deliver our high-efficiency, high-reliability solar products to a growing North American solar market.”

    Mexicali Mayor Francisco Perez Tejada Padilla said he was thrilled. “Mexicali is rapidly becoming an industrial hub for high-tech companies, offering an educated workforce and a growing manufacturing area,” he said. “We welcome SunPower to our city and are pleased that they have chosen Mexicali to establish its solar panel manufacturing facility.”

    The good news for Mexican jobs seekers did not affect the DOE's loan guarantee to SunPower. Hours before the DOE 1705 loan program expired at the end of Fiscal Year 2011 on Sept. 30, the $1.2 billion in loan guarantees was approved for the company.



    more at-
    SunPower: Twice As Bad As Solyndra, Twice As Bad For Obama - HUMAN EVENTS
     
  10. Matthew
    Online

    Matthew Blue dog all the way!

    Joined:
    Mar 16, 2010
    Messages:
    49,744
    Thanks Received:
    4,607
    Trophy Points:
    1,885
    Location:
    Portland Oregon
    Ratings:
    +15,198
    Solar and all green are failing everywhere it's tried. What a joke.
     

Share This Page